AMO.L Share Price (AMO)

Have not the Board got better things to do?
They should stick with Amo, Amas, Amat.

Interesting comment from Progressive Equity.
"We continue to believe that Amino is well placed to benefit from ongoing evolution in the global TV industry. The Amino 2025 strategy is focussed on capturing growth opportunities arising from the convergence of Pay-TV and streaming video services. Increasingly software-led, the group contains two (complementary) operating companies to address this growing market: 24i, which focusses on streaming video experiences and Amino Communications, which integrates Pay-TV with video streaming services. With industry sources forecasting the global TV streaming market to double by 2025 to $167bn, clearly the opportunity for Amino remains vast."
With a prospective p/e of 14, excellent cash generation, and good growth expectations this company has a lot going for it.
We shall see......

Think their bid is the reserve bid so i guess they have to proceed just in case. If they dont get MobiTV maybe the should have a look at Mirada, they've got just about the right amount of cash as it happens....

Having made a placing conditional on the successful outcome of the auction, the Directors have gone ahead with the placing anyhow despite coming second in the auction.

Are they mad?

They have clearly fallen for the charms of the commission hungry snake oil salesmen in the City.

Credibility is shot to pieces.

"Market unnerved by ...and the $75 million debt". The debt is irrelevant - AMO are not bidding for the company but for "the trade and assets" - a bit like a company in administration in this country.